Spotify now represents one-third of the music industry's total recorded revenue in 2025 [FOX Business Network]
Spotify Technology S.A. Ordinary Shares (SPOT)
Last spotify technology s.a. ordinary shares earnings: 4/29 06:00 am
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Source: FOX Business Network
Spotify announced Wednesday that the company now accounts for roughly one-third of the music industry's recorded music revenue, further cementing its position as the world's largest music streaming service The company emphasized that it made the largest single-year payout to the music industry by any retailer ever, with revenue having doubled since 2017. "Today, Spotify accounts for roughly 30% of recorded music revenue," Head of Music Charlie Hellman said. "Last year, our payouts grew by more than 10%, while other industry income sources grew by closer to 4%, making Spotify the primary driver of industry revenue growth in 2025." He noted that Spotify has paid out more than $11 billion to the music industry, the largest annual payment ever from any retailer, bringing the company's total payouts to nearly $70 billion. The platform's historic milestone has allowed more artists to earn six figures annually from Spotify alone. Independent artists and labels specifically accounted
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